FX.co - BTC analysis for October 13,.2021 - Firsrt objective reached and potential for another drop towards $52.000

2021-10-13T13:06:35

Relevance until2021-10-14

Technical analysis:

BTC analysis for October 13,.2021 - Firsrt objective reached and potential for another drop towards $52.000

BTC has been trading downside as I expected. The price reached first objective at $54,000 but there is potential another downside swing.

Trading recommendation:

My advice is to watch for selling opportunities on the rallies with the next downside targets at $53,600 and $52,000.

Downside targets are set at the price of $53,600 and $52,000

Resistance is set at $56,500

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for October 13,.2021 - Firsrt objective reached and potential for another drop towards $52.000